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The European Structural and Investment Funds (ESI Funds, ESIFs) are financial tools governed by a common rulebook, set up to implement the regional policy of the European Union, as well as the structural policy pillars of the Common Agricultural Policy and the Common Fisheries Policy. They aim to reduce regional disparities in income, wealth ...
The Cohesion Fund, one of the five European Structural and Investment Funds of the European Union, provides support to Member States with a gross national income per capita below 90% EU-27 average to strengthen the economic, social and territorial cohesion of the EU.
The European Social Fund was created in the founding Treaty of Rome in 1957. [1] It is the oldest of the European Structural and Investment Funds.It was established as a "remedial instrument" against the end of nationalist protectionism due to the advent of the European Economic Community.
The European Structural and Investment Funds have had a positive effect on the growth of employment, economic growth, and new infrastructure. [3] In addition, there are many visible results from implemented projects in the field of transport, regional development, environment, and agriculture.
The European Regional Development Fund, 2007–2013. The European Regional Development Fund (ERDF) is one of the European Structural and Investment Funds allocated by the European Union. Its purpose is to transfer money from richer regions (not countries), and invest it in the infrastructure and services of underdeveloped regions.
The European Maritime, Fisheries and Aquaculture Fund (EMFAF), one of the five European Structural and Investment Funds, is the financial instrument financing the structural policy pillar of the Common Fisheries Policy of the European Union. It was previously known as the Financial Instrument for Fisheries Guidance (FIFG), the European ...
The main resource of EU's territorial cohesion policy is EU's structural funds. There are two structural funds available to all EU regions: the European Regional Development Fund (ERDF) [27] and the European Social Fund (ESF). [28]
the European Agricultural Guarantee Fund (EAGF) and; the European Agricultural Fund for Rural Development (EAFRD, a structural fund). CAP reforms have steadily lowered its share in the EU budget: in 1980 it accounted for more than 70% of the EU expenditure while in 2021 it accounted for less than 25%. [6]